Appliance Maker Stovekraft Is Greener With Solar Power Now

Bangalore-headquartered manufacturer of cooking appliances, Stovekraft Ltd., has announced on Thursday to produce clean energy and cutting down its carbon footprints.

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The firm has gone green by installing a solar rooftop PV system with higher efficiency mono PERC 535/540Wp PV Module at its Bangalore factory. The factory is spread across 16 acres and has more than 4,50,000 sq. ft. roof space where the rooftop has been installed. Mono PERC modules combine rear wafer surface passivation and local rear contacts to maximize light capture, hence they are highly efficient and flexible as they are made of a single silicon crystal.

While inaugurating the project, the MD at Stovekraft, Mr. Rajendra Gandhi said, "We believe in sustainability as a key driver of growth. Futuristic businesses across the globe have started a movement towards renewable energy. Our solar rooftop project is one such initiative. Eventually, we envisage, we will be able to commission renewable energy assets to generate 80% of our annual requirement."

Stovekraft estimates that this project will reduce its carbon footprint by 5000 million tons and will reduce the company's dependency on non-renewable energy. Since this will be a captive unit, the cost of power will reduce significantly. It will also help the company to capitalize the roof of the factory which was unutilized till now. The company is expecting power generation of 50 lakh units in a year.

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Stovekraft has partnered with Integrum Energy, new age project management & EPC start, for building its renewal assets. Stovekraft has installed a one-of-its-kind high-efficiency Mono PERC Module with 535Wp/540Wp from JA Solar and Inverters from Solis.

Along with reducing carbon emissions, solar power increases property value. With solar power, the company has the option to consume free power, transfer the excess to the grid, and net off against excess requirements during other time slots as per Government policies, says the appliance maker.

Worldwide, companies are switching to sustainable power generation and production methods. It is no longer an option - it is the need of the hour. Recently, India’s ceramic wall and floor tile manufacturing company, Kajaria Ceramics Ltd. has announced to invest Rs. 264 Lakhs in an SPV for solar power captive consumption.

Many other corporate giants like Mahindra and Mahindra, Bharti Airtel, Pharma, and biotech companies have gone greener by incorporating solar electricity production and consumption.